SEC Chief Who Led Enforcement Overhaul Will Step Down

By

Jessica Holzer

Updated Jan. 9, 2013 6:58 p.m. ET

WASHINGTON—Robert Khuzami, the Securities and Exchange Commission official who overhauled the agency's enforcement unit after it missed Bernard L. Madoff's huge fraud, said he would step down in late January.

Mr. Khuzami, the SEC's enforcement chief, announced his departure in a letter circulated to enforcement staff Wednesday.